After first promoting the rollout of his personalized tokens at the EthCC, Alex Masmej announced the IPO had raised $20,000 since April 7. Alex Masmej, founder of a company offering loans against non-fungible tokens, has just raised $20,000 after selling his personal tokens on the Ethereum network. In a Tweet to his 3,000+ followers on […]
Continue ReadingCanaan’s 2019 total net revenue plummeted to nearly $200 million figure. Nasdaq-listed Bitcoin mining equipment manufacturer, Canaan, reported a net loss of $148 million for 2019, according to the latest financial results filed with the Securities and Exchange Commission (SEC). The latest unaudited Q4 and 2019 financial results from the China-based company said that its […]
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A deadline was set at May 4 to define who will represent Canaan stakeholders’ interests in class-action lawsuit against the mining firm. Law firm Robbins Geller Rudman & Dowd LLP announced on April 7 that the lead plaintiff motion deadline in the Canaan securities IPO class action lawsuit was set for May 4, 2020. The […]
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Chinese mining giant Canaan has to deal with some extra difficulties over its IPO amid bearish markets. While the current climate seems uneasy for all cryptocurrency businesses, some of them have to deal with extra difficulties. Earlier this month, investors filed a class-action lawsuit against Canaan, a Nasdaq-listed cryptocurrency mining hardware producer. The case is […]
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The 2017 ASICBoost controversy, which accused Bitmain of unfair mining practices, has resolved itself. Bitcoin (BTC) miners openly using AsicBoost are now comprising 63% of its network hashrate. This vindicates community concerns from 2017 that accused Bitmain of using the “covert” version of AsicBoost. The statistic was highlighted on March 9 by Bitmex Research, building […]
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Bitmain co-founder Micree Ketuan Zhan launched another lawsuit in an attempt to regain his position as the CEO of the firm. Micree Ketuan Zhan, the co-founder of leading mining hardware producer Bitmain launched another lawsuit in an attempt to regain his position as the CEO of the firm. According to a court filing in Fujan […]
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What would you choose: the good old-fashioned venture capital investment, or the brand new technology that is yet to prove its right for existence? In a world where blockchain technology is rapidly breaking barriers and disrupting industries one at a time, the emergence of new models to replace classical crowdfunding ventures is just a matter […]
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Rosen Law Firm has filed a class action lawsuit on behalf of investors in ASIC producer Canaan’s IPO. Blockchain services and cryptocurrency mining hardware producer Canaan is facing a class-action lawsuit filed by investors following claims of dubious practices for attracting investments. Investor rights-focused law firm Rosen Law Firm has initiated the suit on behalf […]
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Analysts from Marcus Aurelius Value published a detailed report throwing shade on some of Canaan’s business practices, alleging that its business model is invalid. A report by Marcus Aurelius Value, an analysis organization, argues that the Nasdaq-listed ASIC manufacturer Canaan (NASDAQ: CAN) misrepresented its potential revenue for 2020. At least one of its clients is […]
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Canaan, the world’s second-largest Bitcoin mining hardware manufacturer, and blockchain infrastructure firm Northern Data AG have signed a strategic partnership. Two major players in the global blockchain industry have signed a strategic partnership to pool together their technological and operational achievements. According to a Feb. 19 press release, Canaan Creative, the world’s second-largest Bitcoin (BTC) […]
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